Stimulus to Shield Impact of Covid-19 Outbreak on Economy

To anticipate a deeper economic downturn, due to the Covid-19 outbreak, the government has prepared a number of incentives and stimulus.

KOMPAS/LASTI KURNIA

Despite concerns about the novel coronavirus, enthusiasm to travel remains strong, as seen from the large number of visitors at the BCA Travel Fair at Gandaria City Mall, Jakarta, Friday (14/2/2020). The event was held in collaboration with Singapore Airlines and seven travel agents, namely Golden Rama, Aviatour, Wita Tour, Dwidata, Bayu Buana, Smailing Tour and Panorama Tour.

JAKARTA, KOMPAS - The weakening of the Chinese economy due to the Covid-19 outbreak will directly or indirectly affect Indonesia\'s economic growth. To anticipate a deeper economic downturn, the government has prepared a number of incentives and stimulus.

The sector most affected is tourism. Foreign exchange receipts from Chinese tourists will certainly fall this year. In 2019, the number of Chinese tourists visiting Indonesia totaled 2.07 million people or equivalent to 12.86 percent of the total foreign tourists, which reached 16.11 million people during the year.